Lifetime Brands (NASDAQ:LCUT) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Lifetime Brands shares crossed above their 200-day moving average, reaching $8.78 and last trading at $8.60, compared with the $7.98 moving average.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $9.50; ratings range from Hold to Strong Buy.
• The company reported quarterly EPS of $1.18, far exceeding the expected loss of $0.21, and announced a quarterly dividend of $0.0425 per share, implying a 2.0% yield. Insiders have sold shares recently, while institutional investors continued building positions.

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $7.98 and traded as high as $8.78. Lifetime Brands shares last traded at $8.60, with a volume of 242,732 shares trading hands.

Analyst Ratings Changes

LCUT has been the subject of several recent analyst reports. Weiss Ratings upgraded Lifetime Brands from a "sell (d-)" rating to a "hold (c)" rating in a research note on Tuesday, September 22nd. Zacks Research raised Lifetime Brands from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Canaccord Genuity Group upped their price objective on Lifetime Brands from $6.00 to $7.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. Finally, Roth Capital reissued a "buy" rating and set a $12.00 price target on shares of Lifetime Brands in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Lifetime Brands currently has a consensus rating of "Moderate Buy" and an average price target of $9.50.

Lifetime Brands Stock Down 0.9%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The stock's 50 day simple moving average is $8.92 and its 200 day simple moving average is $7.98. The firm has a market cap of $197.71 million, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 0.30 and a beta of 0.98.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $1.39. Lifetime Brands had a net margin of 4.81% and a return on equity of 26.39%. The firm had revenue of $141.57 million during the quarter, compared to analysts' expectations of $136.64 million. Research analysts anticipate that Lifetime Brands, Inc. will post 2.08 EPS for the current year.

Lifetime Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, October 30th. Lifetime Brands's dividend payout ratio (DPR) is currently 11.89%.

Insider Transactions at Lifetime Brands

In related news, Director Jeffrey Siegel sold 7,359 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $9.51, for a total value of $69,984.09. Following the completion of the sale, the director directly owned 1,158,978 shares of the company's stock, valued at approximately $11,021,880.78. This represents a 0.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 22,423 shares of company stock worth $213,176 in the last ninety days. Corporate insiders own 44.40% of the company's stock.

Institutional Trading of Lifetime Brands

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new position in shares of Lifetime Brands during the second quarter valued at about $220,000. Squarepoint Ops LLC bought a new stake in Lifetime Brands in the 2nd quarter worth about $123,000. AXQ Capital LP bought a new stake in Lifetime Brands in the 2nd quarter worth about $93,000. Hsbc Holdings PLC increased its stake in Lifetime Brands by 6.2% in the 2nd quarter. Hsbc Holdings PLC now owns 21,099 shares of the company's stock valued at $190,000 after buying an additional 1,237 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Lifetime Brands in the 2nd quarter valued at about $1,139,000. Hedge funds and other institutional investors own 40.62% of the company's stock.

About Lifetime Brands

Lifetime Brands, Inc is a designer, developer, manufacturer and marketer of kitchenware, tabletop products and other home-related goods. Its product offerings include cookware, bakeware, cutlery, kitchen tools and gadgets, food storage products, beverageware, dinnerware, flatware, serving accessories and home organization items.

The company markets products under a portfolio of owned, licensed and distributed brands, including Farberware, Mikasa, Pfaltzgraff, Chicago Cutlery, Kamenstein, Rabbit, Taylor and several Gibson brands.

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